Fisher Asset Management LLC reduced its stake in shares of Liberty Property Trust (NYSE:LPT) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,795 shares of the real estate investment trust’s stock after selling 385 shares during the period. Fisher Asset Management LLC’s holdings in Liberty Property Trust were worth $3,208,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Robecosam AG increased its stake in shares of Liberty Property Trust by 107.7% in the first quarter. Robecosam AG now owns 2,700 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 1,400 shares during the period. First Quadrant L P CA purchased a new stake in shares of Liberty Property Trust during the first quarter valued at approximately $136,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of Liberty Property Trust by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,920 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 206 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Liberty Property Trust by 11.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,588 shares of the real estate investment trust’s stock valued at $183,000 after buying an additional 487 shares during the period. Finally, Meiji Yasuda Life Insurance Co purchased a new stake in shares of Liberty Property Trust during the first quarter valued at approximately $231,000. Institutional investors and hedge funds own 91.25% of the company’s stock.
Shares of Liberty Property Trust (NYSE LPT) opened at 41.38 on Friday. Liberty Property Trust has a 52-week low of $36.22 and a 52-week high of $42.80. The firm has a 50-day moving average of $41.56 and a 200-day moving average of $40.17. The stock has a market cap of $6.09 billion, a P/E ratio of 17.77 and a beta of 0.88.
Liberty Property Trust (NYSE:LPT) last released its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The company had revenue of $175.40 million during the quarter, compared to analysts’ expectations of $177.25 million. Liberty Property Trust had a net margin of 46.77% and a return on equity of 11.44%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.62 earnings per share. On average, equities analysts expect that Liberty Property Trust will post $1.26 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Saturday, July 15th. Stockholders of record on Monday, July 3rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.87%. The ex-dividend date was Thursday, June 29th. Liberty Property Trust’s dividend payout ratio (DPR) is presently 68.67%.
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Several equities research analysts recently commented on the stock. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of Liberty Property Trust in a research report on Thursday, March 30th. Zacks Investment Research upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Wednesday, June 28th. Stifel Nicolaus upped their price target on shares of Liberty Property Trust from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Finally, BidaskClub downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $42.33.
About Liberty Property Trust
Liberty Property Trust (the Trust) is a self-administered and self-managed Maryland real estate investment trust (REIT). The Trust’s assets are owned directly or indirectly, and substantially all of the Trust’s operations are conducted directly or indirectly, by its subsidiary, Liberty Property Limited Partnership (the Operating Partnership).
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